Debate House Prices


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House prices in the real world....

2456710

Comments

  • purch
    purch Posts: 9,865 Forumite
    Joeskeppi wrote: »
    House hunting now, market is tough, not much on and anything decent goes quick. It used to be a real buyers market but I don't think that's the case now.

    Sounds like 1996/97 all over again
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • harpoboy
    harpoboy Posts: 164 Forumite
    Wow!

    London HPI is now above 10%
  • sheffield_lad
    sheffield_lad Posts: 1,990 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I did some work for an agent in Sheffield last week and the property had 30 viewings booked over the weekend. It was only advertised on Thursday.
  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    howee wrote: »
    I did some work for an agent in Sheffield last week and the property had 30 viewings booked over the weekend. It was only advertised on Thursday.

    Whereabouts in Sheffield? Out of interest. They seem to get snapped up pretty quickly in the studenty areas like Crookes, Broomhill, Hunters Bar etc.
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • sheffield_lad
    sheffield_lad Posts: 1,990 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Masomnia wrote: »
    Whereabouts in Sheffield? Out of interest. They seem to get snapped up pretty quickly in the studenty areas like Crookes, Broomhill, Hunters Bar etc.

    S10 area, Crosspool

    Another guy had 5 viewings booked in the same area and again his had only come on the day before.

    It surprised me just how much interest there was. Things are hotting up by the look of it.
  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Ah I like Crosspool, nice area. Interesting that it's popular, I guess it's good for the hospitals/unis. Does show that people with careers and the capital are buying and are interested.
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • Sibley
    Sibley Posts: 1,557 Forumite
    Ninth Anniversary Combo Breaker
    This is just the start of it.
    We love Sarah O Grady
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    purch wrote: »
    Sounds like 1996/97 all over again

    That's exactly what you'd expect to see at this stage of the cycle, it's been 6 years since the crash started, and prices have been bumping along the bottom for several years now.
    Sibley wrote: »
    This is just the start of it.

    Indeed.

    The long term housing bull market has already started, and will likely run until the mid 2020's, followed by another crash, then another boom.

    Same as it ever was...
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    At least earnings are taking off as well to be able to cope with this forthcoming boom in house prices.............
  • N1AK
    N1AK Posts: 2,903 Forumite
    Part of the Furniture 1,000 Posts
    Taking London out of the picture, prices in the rest of the UK are up £1,117 in the last 12 months.

    House prices outside of London are up by under 1% YoY truly the market is booming and buying a property is like printing money!!! :rotfl:
    Having a signature removed for mentioning the removal of a previous signature. Blackwhite bellyfeel double plus good...
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